JS Global Capital Limited (KASE:JSGCL) agreed to acquire unknown stake in BIPL Securities Limited (KASE:BIPLS) from BankIslami Pakistan Limited (KASE:BIPL) on February 21, 2020. In a related transaction, JS Global Capital Limited (KASE:JSGCL) made an offer to acquire unknown stake in BIPL Securities Limited (KASE:BIPLS). The transaction is subject to requisite regulatory approvals including clearance of fit and proper criteria from the Pakistan Stock Exchange and Securities and Exchange Commission of Pakistan and detailed due diligence process. The sale is expected to occur within the next twelve months.

JS Global Capital Limited (KASE:JSGCL) cancelled the acquisition of stake in BIPL Securities Limited (KASE:BIPLS) from BankIslami Pakistan Limited (KASE:BIPL) on November 19, 2020.